Cove Street Capital LLC Acquires 67,393 Shares of Great Elm Group, Inc. (NASDAQ:GEG)

Cove Street Capital LLC raised its position in Great Elm Group, Inc. (NASDAQ:GEGFree Report) by 7.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,008,446 shares of the company’s stock after acquiring an additional 67,393 shares during the period. Cove Street Capital LLC owned about 3.29% of Great Elm Group worth $2,158,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in GEG. Northern Right Capital Management L.P. lifted its position in shares of Great Elm Group by 8.8% during the 2nd quarter. Northern Right Capital Management L.P. now owns 3,969,784 shares of the company’s stock worth $8,138,000 after buying an additional 320,597 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Great Elm Group by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 732,876 shares of the company’s stock worth $1,502,000 after buying an additional 17,076 shares during the last quarter. Clayton Partners LLC raised its position in Great Elm Group by 172.9% in the first quarter. Clayton Partners LLC now owns 144,649 shares of the company’s stock valued at $328,000 after purchasing an additional 91,649 shares during the last quarter. Royal Bank of Canada raised its position in Great Elm Group by 41.9% in the first quarter. Royal Bank of Canada now owns 67,678 shares of the company’s stock valued at $122,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Great Elm Group by 14.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 60,824 shares of the company’s stock valued at $125,000 after purchasing an additional 7,504 shares during the last quarter. Institutional investors own 62.34% of the company’s stock.

Insider Activity

In other Great Elm Group news, insider Jason W. Reese bought 69,815 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were acquired at an average cost of $2.02 per share, for a total transaction of $141,026.30. Following the purchase, the insider now directly owns 6,146,813 shares of the company’s stock, valued at $12,416,562.26. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jason W. Reese acquired 69,815 shares of Great Elm Group stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average price of $2.02 per share, with a total value of $141,026.30. Following the transaction, the insider now directly owns 6,146,813 shares in the company, valued at $12,416,562.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew A. Drapkin acquired 185,562 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $1.99 per share, for a total transaction of $369,268.38. Following the completion of the transaction, the director now directly owns 2,259,600 shares in the company, valued at approximately $4,496,604. The disclosure for this purchase can be found here. Insiders have purchased 281,419 shares of company stock worth $562,263 over the last 90 days. 43.40% of the stock is currently owned by corporate insiders.

Great Elm Group Stock Down 6.7 %

Shares of GEG traded down $0.13 during mid-day trading on Monday, reaching $1.81. 6,291 shares of the company were exchanged, compared to its average volume of 6,699. Great Elm Group, Inc. has a 52 week low of $1.59 and a 52 week high of $2.41. The company has a debt-to-equity ratio of 0.94, a current ratio of 23.46 and a quick ratio of 23.46. The business has a 50 day simple moving average of $1.92 and a two-hundred day simple moving average of $1.98.

Great Elm Group Company Profile

(Free Report)

Great Elm Group, Inc operates as a asset management company. The company engages in credit, real estate, and finance businesses. It is also involved in business development related activities and offers investment management services. The company was formerly known as Great Elm Capital Group, Inc and changed its name to Great Elm Group, Inc in December 2020.

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Institutional Ownership by Quarter for Great Elm Group (NASDAQ:GEG)

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